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Presentation Voiceover
Replay available
Engie Sa Ord (OTC: ENGQF) Q4 2025 earnings conference call, held 2026-02-26. Replay captured from the company's public earnings webcast.

Presentation Voiceover
Chief Executive Officer
Chief Financial Officer
Analyst, UBS
Analyst
Analyst, Deutsche Bank
Analyst, Bernstein
Analyst, Barclays
Analyst, BNP Paribas
Analyst, Goldman Sachs
so that our future looks like this and sounds like this. We at Engie, with our more than 90,000 employees across 30 countries, are striving daily to make the energy transition a reality. For over 150 years, we've been advancing industrial, human, and societal progress, together shaping the future we all want to see and hear. We produce and transport decarbonized secure and affordable energy. Our renewable and flexible assets generate electrons that are available at the right time and in the right place. Our bio-methane and hydrogen facilities produce green molecules. Our power transmission lines and gas infrastructures transport, distribute, and store this energy. Our district heating and cooling networks, onsite production, and energy performance activities help decarbonize cities and industries. We manage energy assets, and we supply energy to our customers, households, businesses, and local authorities. By 2030, we will offer 24-7 carbon-free electricity upon request to all our customers with hourly matching. By 2045, we want to be net zero carbon across all three scopes. And it's on the strength of all this that we aim to become the best energy transition utility. So good morning, everyone. I'm delighted to welcome you to NGIS 2025 PULIA results and the medium-term outlook presentation. And of course, we'll have the pleasure to present in detail the acquisition of UKPN. We have two speakers today, our CEO, Catherine McGregor, and our CFO, Pierre-Francois Rioletti. A quick view of the agenda for this morning. In the first part, Catherine and Pierre-Francois will review our results and the main events of 2025. In the second part, Catherine will lead us through UKPN's acquisition and Pierre-Francois through the valuation and the financing of the transaction. Then Ca...